Landlord rent ‘stabilising in line with economy’

As the economy is stabilising, so are landlord rent levels, according to the editor of Property Hawk website, Chris Horne.

Commenting in light of new figures that show the average private landlord has received a 2.6 per cent increase in rent during the last two months, the industry expert said that demand for letting property is high.

He was reflecting on LSL Property Services' recent report that suggested landlord rent income increased by 1.4 per cent in August and 1.2 per cent last month.

"The Rent Index [...] over the last three months is showing a rise in rents of 3.2 per cent,"Mr Horne clarified, before adding that they are up 1.8 per cent over the last six months but down by 0.4 per cent year-on-year.

According to LSL Property Services, rental yields were reportedly at 5.05 per cent in September, which is 0.07 per cent higher than figures recorded in July.